Military Expenditures Keep Growing

While its defense expenditures do not match that of the Middle East, Asia-Pacific and Eastern Europe, South American military spending has steadily risen since 2005. In fact, defense expenditures there almost doubled between 2006 and 2010, from US $17.6 billion to $33.2 billion, according to reports from the Union of South American Nations (UNASUR), a regional political association integrated by 12 nations.

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